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Is That a Precursor to Prices Falling?
Most forecasters expect home prices to start to fall and they have started to fall, but it's going to take time. "Everything that government has undertaken since the economy got overheated ... takes a while to do," he says. If you're trying to buy a house right now, it's very frustrating for would-be home buyers,. The concern there is if the economy doesn't slow in the way that they expect, do they have to get even more aggressive?